Energy Transfer - ET Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer in the last twelve months. There are currently 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ET shares.
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8 analysts have issued 12-month price targets for Energy Transfer's stock. Their ET share price forecasts range from $15.00 to $18.00. On average, they expect the company's share price to reach $16.43 in the next twelve months. This suggests a possible upside of 32.1% from the stock's current price.
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Energy Transfer's stock was trading at $11.87 at the beginning of 2023. Since then, ET shares have increased by 4.8% and is now trading at $12.44.
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Energy Transfer saw a increase in short interest in February. As of February 28th, there was short interest totaling 47,650,000 shares, an increase of 11.6% from the February 13th total of 42,690,000 shares. Based on an average trading volume of 13,710,000 shares, the short-interest ratio is currently 3.5 days. Approximately 2.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ET earnings forecast.

Energy Transfer LP (NYSE:ET) released its quarterly earnings data on Wednesday, February, 15th. The pipeline company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by $0.03. The pipeline company had revenue of $20.50 billion for the quarter, compared to the consensus estimate of $23.81 billion. Energy Transfer had a trailing twelve-month return on equity of 13.55% and a net margin of 5.17%. Energy Transfer's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $0.29 earnings per share.

Energy Transfer announced a quarterly dividend on Wednesday, January 25th. Investors of record on Tuesday, February 7th will be paid a dividend of $0.305 per share on Tuesday, February 21st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 9.81%. The ex-dividend date of this dividend is Monday, February 6th. This is an increase from the stock's previous quarterly dividend of $0.27.
Read our dividend analysis for ET.

ETFs with the largest weight of Energy Transfer (NYSE:ET) stock in their portfolio include InfraCap MLP ETF (AMZA), Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), USCF Midstream Energy Income Fund (UMI), Alerian Energy Infrastructure ETF (ENFR), First Trust North American Energy Infrastructure Fund (EMLP), FT Energy Income Partners Strategy ETF (EIPX) and VanEck Energy Income ETF (EINC).

Energy Transfer (NYSE:ET) pays an annual dividend of $1.22 per share and currently has a dividend yield of 10.30%. ET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 87.77%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ET will have a dividend payout ratio of 88.41% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ET.

Shares of Energy Transfer split before market open on Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly issued shares were distributed to shareholders after the market closes on Thursday, June 12th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

109 employees have rated Energy Transfer Chief Executive Officer Kelcy L. Warren on Glassdoor.com. Kelcy L. Warren has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Transfer investors own include Enterprise Products Partners (EPD), AT&T (T), Targa Resources (TRGP), Energy Transfer Equity (ETE), Kinder Morgan (KMI), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), Ford Motor (F) and Verizon Communications (VZ).

Energy Transfer trades on the New York Stock Exchange (NYSE) under the ticker symbol "ET."

Energy Transfer's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Moneta Group Investment Advisors LLC (4.73%), Morgan Stanley (2.47%), Alps Advisors Inc. (1.84%), Natixis (1.38%), Tortoise Capital Advisors L.L.C. (1.19%) and Bank of America Corp DE (1.07%). Insiders that own company stock include Bradford D Whitehurst, Bradford D Whitehurst, Kelcy L Warren, Kelcy L Warren, Matthew S Ramsey, Michael K Grimm, Ray W Washburne, Richard D Brannon and Thomas E Long.
View institutional ownership trends.

Shares of ET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ET stock can currently be purchased for approximately $12.44.

Energy Transfer (NYSE:ET) has a market capitalization of $38.50 billion and generates $89.88 billion in revenue each year. The pipeline company earns $4.33 billion in net income (profit) each year or $1.39 on an earnings per share basis.

The company employs 12,565 workers across the globe.

Energy Transfer's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The official website for the company is www.energytransfer.com. The pipeline company can be reached via phone at (214) 981-0700, via email at investorrelations@energytransfer.com, or via fax at 214-981-0703.